Commercial Kitchen Building with
For Sale
$79,000
1733 Martin Luther King Jr Boulevard, Augusta, GA 30901
Commercial Sale, Augusta, GA
Property Size1,138 SF
Lot Size0.07 Acres
Price / SF$69.42
Days on Market91
Property Features for 1733 Martin Luther King Jr Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B1
Subdivision
Laney Walker
Directions
Follow Washington Road straight into downtown Augusta where it becomes 15th Street. Turn right onto Martin Luther King Jr. Blvd. Property is approximately 1 mile ahead on the left at 1733 Martin Luther King Jr. Blvd. It is located between Steiner Avenue, MLK and Forest Avenue, across the street from Dollar General.
Standard status
Active
APN
0593161000
Size
1,138 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
25Q368
Tax Annual Amount
444
Legal Description
25Q368
Utilities
Sewer type
Public Sewer
Water source
Public
Amenities
grease trap
hood
Building Details
Year built
1959
Flooring type
Lvt/lvp, Vinyl
Building materials
Block
Roof type
Composition
Listing Agency:
Meybohm Commercial Properties
(706) 736-0700
Listed By:
Danielle Meikrantz · License #401159
(706) 284-8359
Added: Jun 8
Changed: Aug 20
Last Checked: Sep 6 at 5:06AM
MLS# 100579960
Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,138-square-foot block building is configured for commercial use and includes a grease trap and hood that support food-service operations. The property has vinyl and LVT/LVP flooring, public water, public sewer, and a composition roof installed in April 2026. The interior is currently used for storage, with contents scheduled for removal before closing. Cosmetic improvements may be needed.
Positioned at the corner of Martin Luther King Jr. Boulevard and Steiner Avenue in Augusta, the property occupies a 0.07-acre triangular lot with road frontage and exposure on three sides. It is directly across from a new Family Dollar and is zoned B1. The building was constructed in 1959 and can accommodate a range of commercial applications identified for the site, including restaurant, takeout, retail, convenience, service, office, and specialty-shop uses.
Positioned at the corner of Martin Luther King Jr. Boulevard and Steiner Avenue in Augusta, the property occupies a 0.07-acre triangular lot with road frontage and exposure on three sides. It is directly across from a new Family Dollar and is zoned B1. The building was constructed in 1959 and can accommodate a range of commercial applications identified for the site, including restaurant, takeout, retail, convenience, service, office, and specialty-shop uses.
Key Highlights
- 1,138‑square‑foot block commercial building
- Grease trap and hood included for food‑service operations
- New composition roof installed in April 2026
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$7,164
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.07%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$143,280
$143.3K
Cap Rate 7%
$102,343
$102.3K
Cap Rate 9%
$79,600
$79.6K
Market Conditions
NOI Build-Up for 1,138 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$11.2K $9.84/SF
− Vacancy
−$963 −$0.85/SF
EGI
$10.2K $8.99/SF
− OpEx
−$3.1K −$2.70/SF
NOI
$7.2K $6.30/SF
Area
Augusta, GA
Vacancy
8.60%
Lease Rate
$9.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$143,280
Cap Rate 7%
$102,343
Cap Rate 9%
$79,600
Alternative Uses
Best Use
Specialty Retail
$191.0K
$167.1K – $222.9K
NOI $13,371 @ 7.0% cap · market cap 16.93%
Second Best
Retail
$181.1K
$158.5K – $211.3K
NOI $12,677 @ 7.0% cap · market cap 16.05%
Theoretical Best
Office A
$359.2K
$314.3K – $419.1K
NOI $25,144 @ 7.0% cap · market cap 31.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Yes
Commercial hood
Yes
Grease trap
Location Intelligence
Trade Area within ½ mile
242
Businesses Nearby
Explore this area
Business Placement
Demographics for 30901, GA
15,978
Population
8,848
Households
1.8
Avg Household Size
38
Median Age
13%
College-Educated
76%
High-School Grad
17.6 sq mi
ZIP Area
908
Density / Sq Mi
$23,019
Median Household Income
$24,349
Median Earnings
$805
Median Rent
$92,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial kitchen - Corner commercial building with food-service infrastructure, B1 zoning, and visibility from three road-facing sides.
Where is this commercial kitchen located?
The property is located at 1733 Martin Luther King Jr Boulevard Augusta, GA.
What is the asking price?
The asking price for this property is $79,000.
What are key features of this property?
This property features: 1,138‑square‑foot block commercial building; Grease trap and hood included for food‑service operations; New composition roof installed in April 2026
